This Week in Real Estate: Henry County could test new pod-based transit system, a new neighborhood and more

byZachary WrightOctober 5, 2018

Henry County could be the first in the nation to test a new pod-based transit system. Transit X, a mass transit company, proposed $1.4 billion at a recent town hall meeting in Stockbridge. Transit X said, if accepted, the 19-foot-high track with SUV-sized pods would hold up to five passengers and travel suspended from the track at highway speeds.

The route up for consideration is from Tanger Outlets in Locust Grove to Hartfield-Jackson Atlanta International Airport, according to the presentation by Transit X agent, developer and Georgia Regional Transportation Authority board member J.T. Williams. The offer proposed 825 pod units would serve 40 stops, mostly within walking distance of residents. Williams said construction would take a year to complete.

In other real estate news:

Between Piedmont Heights and Lindridge-Martin Manor, a “refreshingly modern take on the early European village” continues to grow. Manchester, the 104-home neighborhood has already sold out Phase 1 homes and only two homes remain for sale in Phase 2. Phase 3 homes are coming soon, according to Hedgewood Homes. According to builder’s website, the homes are listed between $615,000 to $720,000. It is not yet known how much square footage buyers will get, but from previous listings, spaces run between 1,700 to 2,400 square feet.

Pollack Shores announced their return to North Fulton County’s apartment market by purchasing AMLI Northwinds, an 800-unit apartment community. Terms of the deal were undisclosed, but Pollack Shore said they will invest $13 million into the property to upgrade amenities, including new appliances, countertops and light fixtures. This also comes with a name change, as the apartment community will be renamed Avery at Northwinds.

Taylor Morrison announced its new townhome community, Terraces at Peachtree Corners, is now selling in Gwinnett County. The 100 new three-story townhomes prices are listed in the low $400s, according to a press release by Taylor Morrison. The townhomes come with approximately 2,400 square feet of space and can be personalized with their local Design Studio. Amenities include a pool with cabanas, fire pits and a gathering area.